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List of Top Best Bitcoin Mining Machines in 2024

We discuss the best Bitcoin mining machines for 2024 in this article. Whether you're looking for low-cost or high-efficiency options, we'll show you the best ones!

Bitcoin Mining Machines

  •  Whatsminer M30S++
  • Canaan AvalonMiner 1246 
  • Dragonmint T1 Ebang Ebit E11++ 
  • Bitmain AntMiner S19 Pro  
  • Bitmain AntMiner S9 
  • Bitmain AntMiner T19 
We will provide a comprehensive breakdown of each of the options, including data on price, power consumption, hash rates, and the advantages and disadvantages of each machine.

Bitmain AntMiner S19 Pro

The Bitmain Antminer S19 Star is viewed as perhaps of the most ideal choice available for Bitcoin mining. While it's more costly than different machines on this rundown, it conveys a hash pace of 110 Th/s!

List Price: $3,230

Hash Rate: 110 Th/s

Power consumption: 3250 W

Bitmain AntMiner S9


The S9 is one of the most affordable mining machines available, despite its relatively low hash rate. 

However, if you want to set up your mining machine in your home, the Bitmain AntMinerS9 might not be the best option because of its high noise levels.

Price:  A used Bitmain Antminer S9 sells for $246.   Hash Rate:  14 Th/s  Power consumption: 1323 W
Hash Rate:  14 Th/s  
Power consumption: 1323 W

Bitmain AntMiner T19 

The AntMiner T19 was created with efficiency and affordability in mind. While the Antminer T19 has a somewhat lower hash rate, it sells for a portion of the cost of the S19 Ace on the resale market!  

Price: $1,755 on Amazon   

Hash Rate: 84 Th/s  

Power Consumption: 3150 W

Whatsminer M30S++

The Whatsminer M30S++ is one of the most impressive Bitcoin mining machines accessible. The stage permits you to mine Bitcoin and Bitcoin Money at a dazzling 112TH/S hash rate.  

Compared to the other mining machines on this list, the Whatsminer M30S++ is more expensive and uses more power. For novice miners, it might not be the best option.

Price: A used Whatsminer M30S++ is currently listed on Amazon for $2,455. 

Hash Rate: 112TH/S

Power consumption: 3472 W

Canaan AvalonMiner 1246

The Canaan AvalonMiner 1246 is another Bitcoin mining equipment with quick hash rates and high power utilization that might be more appropriate for cutting edge excavators.  

If you want to mine Bitcoin at home, the Canaan AvalonMiner 1246 may not be the best choice because of its high noise levels.

Power consumption: 3420W   

Hash Rate: 90Th/s   

Price: $3,890

Canaan Avalon6

The hardware is affordable and simple to set up, and the Avalon6 may have a lower hash rate than other mining machines on this list.

Customers have praised the Avalon6 as an excellent home mining option. The Avalon6 produces relatively low levels of noise compared to other devices.

Power consumption: 1500W  

Hash Rate: 3.5 T/S  

Price: Currently, the Avalon6 can only be bought second-hand. The machine usually sells for less than $600!

Dragonmint T1Dragonmint T1

The Dragonmint T1 is a phenomenal choice that permits you to mine Bitcoin with generally low power utilization. The Dragonmint T1 is an impressively powerful ASIC produced by Halong Mining that produces 16TH/s at a remarkably low power draw.

Power Consumption: 1480 W   

Hash Rate:  16 Th/s  

Price: A used Dragonmint T1 currently sells for $1,295 on Amazon.

Ebang Ebit E11++

For those searching for an efficient option, miners may find the Ebang Ebit E11++ to be a viable choice. At just 1980W of power usage, the Ebang Ebit E11++ can hash at a rate of 44 Th/s.

Because of its high noise level, the Ebang Ebit E11++ might not be the best choice for home mining.

Power Consumption: 1980 W   

Hash Rate: 44 Th/s  

Price: A used Ebang Ebit E11++ currently sells for $350 on sites like eBay.

Things to Consider Before Selecting Bitcoin Mining Hardware

While selecting the best Bitcoin mining hardware, there are three main things to take into account.

Price

Keep in mind, the least expensive Bitcoin mining machine may not be the most ideal decision as long as possible. Cheaper hardware will typically result in lower profitability and lower efficiency.

Hash Rate

The Bitcoin mining hardware's hash rate is the rate at which it can perform complex mathematical operations. Simply put, the likelihood that the miner or mining pool for which the hardware is operating will solve the subsequent Bitcoin blockchain block increases with the hardware's hash rate. Hardware with a higher hash rate typically comes at a higher cost.

Efficiency

The primary function of Bitcoin mining hardware is to convert electricity into BTC. In the event that you don't know how to pick the best Bitcoin mining equipment, zeroing in on energy proficiency is the best spot to begin.

Additionally, it is essential to base your decision on your particular circumstance. For instance, the overall profitability of your mining equipment is significantly influenced by the cost of power in the region.

Overall, the most profitable and cost-effective Bitcoin ASIC is the best ASIC. Over the past ten years, the development of ASIC devices has accelerated rapidly, with new hardware being released annually that frequently renders older hardware obsolete.

Is Cryptocurrency Mining Taxable?

It's memorable that cryptographic money mining is liable to burden.

At the point when you acquire digital currency mining rewards, you'll perceive pay in view of the honest evaluation of your crypto at the hour of receipt. At the point when you discard your mining rewards, you'll cause a capital increase or misfortune relying upon how the cost of your crypto has changed since you initially got it.

Our comprehensive guide to cryptocurrency mining taxes explains precisely how to manage your rewards.

How Crypto Tax Software Can Help

If you're having difficulty reporting your mining taxes, GetKCrypto a crypto tax software, can be of assistance.

GetKCrypto automatically retrieves the historical fair market value prices for each mining payout and provides you with an income report that you can use with your taxes once all of your mining transactions have been imported.

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